Indianapolis Times, Volume 39, Number 270, Indianapolis, Marion County, 8 March 1928 — Page 16

PAGE 16

TRADING QUIET IN MART WITH' STOGKSHIGHER General Motors, U. S. Steel Rule Strong Advancing Point Each.

Average Stock Prices

Average ol twenty industrials Wednesday ■was 197.48. off 2.03. Average of twenty rails was 135.30, off .07. Average of forty bonds was 99.02, up .01. By United Press NEW YORK, March B.—Most changes were toward high levels on the stock market in early dealings today. Trading, however, was on a light scale, influenced somewhat by the prospect of a sharp increase in brokerage loans to be announced after the close today. General Motors ruled strong and active. The stock opened at 150)4, up 14, declined to 149% and then soared to anew record high at 151%. Hudson Motors also was active, spurting 1% to 89%. Other motors ruled strong. Oil issues were in demand. General Asphalt soared 3% to 80%, while Houston was up four points at 137. Atlantic refining whose earnings for 1927 amounted to $1.83 against $11.24 in 1926, advanced %. Marland rose nearly a point to 36.

Steel Spurts U. S. Steel spurted more than a point; other steels were in demand. Youngstown held steady in face of a break up in merger negotiations of that company with Inland Steel. Describing the market, the Wall Street Journal’s financial review today said: “Wall Street was greatly impressed the statement of Governor Yoitng of the Federal Reserve Board that in his opinion the next change in .the rediscount rates may see a reduo tion in the eastern reserve banks without a corresponding reduction in the interior. This phase of the testimony before the Senate inquii*y on brokerage loans was important, as it had been a foregone conclusion that nothing would develop that- wbuld indicate that the current level of borrowings was a menace to tlhe credit structure.” Tnuding Falls Off Trading fell! off in volume in the late morning .and price movements settled down into a narrow range. This reflected the disposition in speculative quarters to await the weekly loan statement to be out of the way. However, group operations continued in individual stocks with Hudson Motor Cctach reaching another new high on- large buying orders from Detroit. A demonstration was made against the shorts in American Linseed which ran up 3% to 75*8. Oils displayed an improved tone with Sinclair and Marland in good demand. The better action on the part of the oil group reflected the conservative program of State authorities and oil producers in California designed to save 100,000,000 cubic feet of natural gas daily and to shut in around 80,000 barrels of crude oil daily.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,302,000. Debits were $5,884,000. new york” statement: B,y United Press NEW YORK, March B.—Bank clearings *1.253,000.000; clearing house balance, $120,000,000. TREASURY STATEMENT Bn United Press WASHINGTON, March 8 —The treasury net balance for March 6, was $58,063.014 97. Customs receipts this montn to March 6. were $8,562,831.12.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, March B.—Who said congressional investigations do not serve some useful purpose? Why think of what has been accomplished by the present investigatiorof the subject of brokers loans. The man at the top of that little group of men that never talk, appeared before the committee and gave them a bit of information that is worth the price of the whole investigation. And the best thing said was that no one can say whether loans are too big or not. That’s common sense, isn’t it? We certainly would make a fine mess of things if someone man or small group of men could say with a finality that loans must come down. The power of Ascher would seem insignificant in comparison. We wish someone would tell the investigating committee that the stock exchange itself has created the most perfect automatic machine that has ever been devised for the protection of every body by limiting brokers liabilities to a scientific relation to capital. This is the safety valve. Now that we know that all is well financially, what will we do? We say proceed with confidence, but sensibly. Don’t buy anything. Just buy the best and particularly on the weak markets.

FARM BUREAU ELECTS Officers of Purchasing Division of State Group Keep Offices. Officers of the purchasing division of the Indiana Farm Bureau Federation all were re-elected at a meeting here Wednesday attended by about 100 delegates. They are: President, William H. Settle, Secretary-Treasurer E. F. Geans, and General Manager I. H. Hull. A $2,225,000 business was reported by the division for 1927. It now functions in thirty-eight counties in the State. A return of $128,000 to members and an undivided surplus of $66,000 was reported. Line Foremen Adjourn By Times Special LAFAYETTE, Ind., .March B.—A joint dinner meeting of electric line foremen and Sigma Xi Research Society members Wednesday night closed the fourth annual conference of the foremen at Purdue University here. _ u , _ .

New York Stocks (By Thomson & McKinnon)""”

—March 8— Railroads— Prev .. . , High. Low. 12:00. close. Atchison 183‘A 182% 182’-i 184 Atl Coast Line. 170% ... 170% 172 Balt & 0hi0... 11l ... 11l 111 Canadian Pac.. 208 ... 208 206% Chesa & Ohio ... 190 Chi & Alton 6% Chi & N West.. 80% Chi Grt West ... ... 10% C R I & P 109% 109 109% 109% Del & Hudson.. 166% 165 166 166 Del & Lacka 134 Erie 52% ... 52"% 53 Erie Ist pfd 65 ... 55 54% Grt Nor pfd 94% 111 Central 135% ... 135% 135% Lehigh Valiev 80% Kan City South. 53 ... 53 52% Lou & Nash 147 M K & T 35% 35% 35% 35% Mo Pac pfd 107 % N Y Central 161% 161 161 160% N Y C <fc St L 131 N Y N H & H.. 62 61% 62 61% Nor Pacific 94‘A Norfolk & West.. .. ... ... 18% Pere Marquette. 131 ... 131 130 Pennsylvania ... 66% 65% 6575 65% P 5i W Va 127 Reading 97% ... 97Vi 97% Southern Ry ... 143 ... 143 143 Southern Pac .. 119% ... 119% 119% St Paul 23% 23 23% 23% St Paul pfd 40 39% 40 39 St L ft S W 73 St L& S P 113% ... 113% 113% Texas & Pac 114% Uniot. Pacific .. 191% 191 191% 192 West Maryland. 39% 38 39 39 Wabash 61 ... 61 61% Rubbers— Ajax 9% ... 9% 10 Fisk 14% ... 14% 14% Goodrich 79 78% 79 79% Goodyear ...... 56% ... 55% 55 % Kelly Spgfld ... 20% ... 20 20% Lee 10% United States .. 41% 40% 41% 41% Equipments— Am Car & Fdy IC3 Am Locomotive. 110% ... 110% 109% Am Steel Fd ... 62% 61% 62 1% Baldwin Loco 256 General Elec .. 130% .. . 129% 130 Gen Ry Slg 98 7 /s 93 98% 98% Lima Loco ... ... 55 N Y Air Brake. 44% ... 44% 44% Pressed Stl Car 25% ... 25% 25% Pullman ..*. 82 % ... 83% 82% Westingh Air B 52% 62% 02 V 52% Westlngh Elec.. 96% 95 96 95% Steels—

Bethlehem 57% 57% 57-% 57% Colorado Fuel .. 71% 70 71 69% Crucible 86 Gulf States Stl 53% ... 53% 53 Inland Steel ... 48% 47% 48 46% Phil R C & I 31 30% 31 31 Va Rep Iron & Stl 59% 59% 59% 59% Sloss-Sheff 128% U S Steel 142% Ill's 142 140% Alloy 30% 30 30% 30 Youngstwn Stl.. 88% ... 87 88% Vanadium Corp 80 79% 79% 70% Motors— Am Bosch Mag 19 ... 19 19 Chrysler Corp.. 61% 60% 60% 60% Conti Motors... 10% ... 10% 10% Dodge Bros .... 18% 18% 18% 18% Gabriel Snbbrs.. 18% ... 18 19% General Motors. 151’'s 149% 150% 150 Hudson 90% 38% 80 88 Hupp 41% 40% 41 40 Jordan 12% ... 12 11% Mack Trucks... 94 93Vi 94 93% Moon 7 ... 7 7 Motor Wheel ... 29% 28% 29% 28% Nash 86% 88% 86% 88% Packard 63% 63% 63% 63% Peerless 20’ - ... 20% Paige 18% ... 13'A 18 Vi Studebaker Cor 63% 63% 63% 3% Stew Warner... 83Vs 83% 83% 83 Stromberg Cart 51% ... 51% 81% Timken Bear ..115'* 114% 115 115 Willy s-Overland. 20% ... 20% 20% Yellow Coach... 29% ... 29% 29% White Motor 31% ... 31V* 31% Mining— Am Smlt & Rfg.172% ... 172% 172% Anaconda Cop. 55 54'% 34% 54 Calumet & Artz 97V* 96 96% 95 Cerro de Pasco. 62V2 ... 62% 62’* Chile Copper 33 .. 38 38 Greene Can C0p.132% 130 131 129% Inspiration Cop 18% ... 18’a lß'/s Int Nickel 83’A ... 82% 83% Kennecott Cop.. 81 ... 81 81 Magma Cop ... ... 45% Texas Gulf Sul 72% 72V* 72 % 72% U S Smelt 40 Oils— Atlantic Rfg 103% 102 103 102 Cal Petrol 25V* ... 25% 25% Freeport-Texas.. 79 78 73V* 78'* Houston Oil 137'/* 134 137% 133 Indp Oil & Gas 25% 25% 25% 25% Marland Oil ... 36% 35% 36 35% Mtd-Cont Petrol 27% 27 27% 26% Lago Oil Sc Tr.. 31% 30'/* 31% 30% Pan-Am Pet (B) 43 42V* 43 42% Phillips Petrol .. 39% 38% 39% 39VA Pro <fe Rfgrs 19% 19% 19% 19 Union of Ca 1.... 47% 46 47% 43% Pure Oil 21% ... 21% 21 % Royal Dutch 45% Shell 25 24% 25 24% Simms Petrol ... 21 20% 20% 21% Sinclair Oil 21% 19% 21% 19% Skelly Oil 25% Std Oil Cal 64% 54% 54% 54 Std Oil N J 39 ... 39 38% Std Oil N Y 30 . 29% 30 Texas Corp 52% 51% 52 61% Transcontl ..... 5% BVi 8% 8 Industrials— Adv Rumelv 13% Allis Chalmers ..119% ... 119% 119 Allied Chemical 150% .. 140% 150 7 / Armour A 14% 14V* 14% 14V* Ainer Can 81 Vs 80% 80'* 80’/* Am H L pfd 57% Am Linseed .... 75% 72% 75 71% Am Safety Raz 60% Amer Ice 33Vi ... 32% 32V* Am Wool 23% ... 23% 231* Curtis 39V* 38% 39% 58% Coca Cola 136% 13 1 a 136% 137 Conti Can 89% 89 89% 88% Certalneed 58% Congoleum .... 25 24% 25 24% Davidson Chem.. 37% ... 37% 37V* Dupont 341 340% 341 339V* Famous Players 119% 118V* 119% 119 Gen Asphalt .... 80% 77% 80V* 77 Int BUS Mch 130 Int Cm Engr 48 47% 48 47% Int Paper 72% ... 72 72 Int Harvester ..239% 237% 239% 231 Lambert 94V* ... 93% 93% Loews 61% ... 61 61 May Stores 81 Montgom Ward 134% ... 1331/* 133% Natl C R. 50 49% 49% 497, Pittsburgh Coal.. 47 Owens Bottle... 77 ... 77 777 U Radio Corp .... 98% 97’% 98% 97% Real Silk 13% Rem Rand 287i 27% 28% 28 Sears-Roebuck . 87 86% 86% 86% Union Carbide. 1427% ... 142 142% Univ Pipe 54 * U <9 Cs Ir Pipe. .. 199 U S Indus Alco 111 110% 111 110 Worthington Pu 23% Wool Worth Cos . 183 183% 183 132 Utilities— Am Tel & Tsl.. 130'% ... 179% 180 Am Express ... 179 ... 179 184 Am Wat Wks... 54% ... 54% 53% Brklyn-Manh Tr 64% 63 64% 62% Col G* E 90% ... 90% 90V* Consol Gas 135% 134% 135 134 Elec Pow & Lt. 36% 36 36V* 36% Interboro 34% 34% 34% 35 Nor Am Cos 61’/s ... 61% 61% Montana Power 163 ... 163 162% Peoples Gas ... 169% ... 169% 170 Std Gas Sc El .. 62 Vs 62 62 62 Utilities? Power.. 34% 33% 34% 33% West Union Tel 169% Shipping— Am Inti Corp... 77 76% 77 • 77 Am Ship & Com 4% Atl Gulf ft Wl. 43% 42% 42% 42% Ihtl Mer M pld 38% ... 38% 38 United Fruit ... 138 ... 138 138 Foods— Am Sug Rfg 60Va Am Beet Sugar ... 15% Beechnut Pkg... 79 78% 79 78% California Pkg.. 73% ... 73 73 Corn Products . 72% 71% 72% 72 Cuba Cane Su p 27% Cuban Am Sug 20 Flelschmann Cos 70 69% 69% 69% Jewel Tea 82 % Jones Bros Tea 32 -.a Natl Biscuit 169 Punta Alegre 30 Pcstum Cos 120% 120% 120% 121 Ward Baking B 23% ... 23% 24 Tobaccos— Am Sumatra 50 Am Tobacco .. 169'% ... 169% 168% Am Tob B ... . 171V* 169% 171% 170 Con Cigars .... 87% 87% 87% 87% General Cigar... 71'/4 ... 71% 71V* Llg & Myers ..110 ... 110 110 Lorillard 42 ... 42 40% R J Reynolds .. .. ••• ... 145 Tob Products B 109% ... 109 Vi 109% United Cigar St 31% Schulte Ret Strs 51% ... 51% 51%

LOOT BROUGHT BACK Securities Stolen at Goshen Found In Dresser Drawer. By Times Special GOSHEN, Ind., March B—A SI,OOO Liberty bond, an SBOO certificate of deposit and hon-negotiable securities worth several thousand dollars, stolen from Benjamin Billman, have been mysteriously returned. The securities were taken from a trunk in Billman’s room at the home of Sam Landon. A few days later they were found in a dresser drawer. Ft. Wayne Fliers Licensed By Times Special FT. WAYNE, Ind., March B.—O. B. McVey and Richard Knox, local aviators, have been issued air transport licenses by the aviation division, United States Department ol Commerce,

PORK MARKET STEADY TOIO CENTSJLOWER Hog Top Goes to $8.65; Receipts Number 7,000; Calves Strong. Mar. Bulk. Top. Receipts. 1. 8.254 V 880 8.80 5.000 2. 8.25(a) 8.80 8.80 6.500 3. 8.25% 8.65 8.65 4,000 5. 8.25(ai 8.60 8 70 3 eoi) 6. 8.40% 8.70 8.75 0,000 7. 8.254(i 8.70 6.76 9. 8. 8.25% 8.65 8.65 7,000 Hogs were steady to 10 cents lower on the hundredweight at the Union Stockyards today with 7,000 animals received. The top was $8.65 and animals in the bulk sold mostly at $8.25 upward. There were 338 holdovers. Calves were strong to 50 cenis higher and other material was generally steady. Traders were asking steady with Wednesday’s averages on the Chicago market, but most bids and early sales were around 10 cents lower. Receipts were estimated at 42,000 and there were 7,000 held over. Pigs, Lights Steady Heavy meat animals, 250-350 pounds, sold at [email protected], down 10 cents on the top, and material in the 200-250-pound class brought [email protected], off 5 to 10 cents. The hog top dropped 10 cents In the 160-200-pound class, which sold at [email protected]. Other animals were unchanged, 130-160 pounds bringing $7.50@825 and packing sows and pigs, $6.2577 7.50. Cattle prices were higher in the beef section, steers going at sll@ 13.75 and cows s7@ 10.25. Low cutter and cutter cows were unchanged at [email protected] and bulk stock and feder steers at [email protected]. Receipts numbered 900. Calves Up 50 Cents Advancing 50 cents on the hundredweight, best vealers sold at $15.50@ 16.50 and heavy calves were unchanged at $6.50 @10.50. About 800 animals were brought to the yards. Sheep and lambs continued steady at the yards today, with receipts at the same figure. 200. The top was quotable at $16.25 and bulk fat lambs sold at sl4@ 15.50. Bulk culls brought $7.50@ 11.50 and bulk fat ewes [email protected]. —nogs — Ttecipts. 7.000; market steady to lower. 250-350 lbs $8.008.50 200-250 lbs 8.40% 8.65 160-200 lbs 8 254) 8.65 130-160 lbs 7.30 ft 8.25 90-130 lbs 6.254) 7.50 Packing sov.s 6 25% 7.50 —Cattle— Receipts. 900; markft steady to higher*. Beef steers sll 00%13.75 Beef cows 7.6041:10.25 Low cutters and cutter cows ... 5.50% 6.75 Bulk stocker and feeder steers 7 50'® 9.50 —Calves— Receipts. 800; market higher. Best vealers $15.50® 16.50 Heavy calves 6.50® 10.50 —Sheep and Lambs— Receipts. 200; market, steady. Top fat lambs $16.25 Bulk fat lambs 14 004715 50 Bulk cull lambs 7.504)11.50 Fat ewes 6 50® 9.50 Other Livestock Pji United Press CHICAGO. March 8 —Cattle—Receipts, 7,000; most killing classes slow, but steadv to strong: spots higher on better grade fat cows: relatively few steers here: killing quality plain; best, sls: bulk. $12.50® 14; good market on desirable light yearlings. 777-!b. averages t;p to 313 23; several loads at $l2O 12.83; less desirable kinds down to $11.25; most low cutter cows, $5,504)5.75sausage buUs, $7,504)8.25; vealers 504775 c higher; most light offerings. $131)14; selected shippers, $15.504716. Sheep Receipts, 11,000; bidding 25c lower on better grade handywelghts; other grades and weights fairly active, steady; bulk wooled lambs. Including 90-94-lb. Colorados, $15.50 4)15.75; good to choice 86-lb. Colorados to traders. $16.15: refusing $16.25 on good to choice handywelghts: double of 105-lb. Coloredos, $14.75: choice 90-lb. clippers. sl3: sheep strong; desirable fat ewes. s9® 9.25; top. $9.50; feeding and shearing lambs scarce and unchanged. Hogs (soft or oilv hogs and roasting pigs excluded) Receipts, 42 000; market generally steady to weak; heavyweight 250 to 350 lbs. medium and choice. $7,754)8.25: mediumweight 200 to 250 lbs. medium and choice. $8478.40; lightweight 160 to 200 lbs. common and choice. $7,754)8.40; light lights. 130 to 160 lbs. common and choice. $3.60% 3.85; packing sows, smooth and rough. $6.75ft>7.50; slaughter pigs, 90 to 130 lbs. medium and choice. $6,104)7.35. Slaughter cattle and calves —Steers. 1,500 lbs. up good and choice, [email protected]: steers. sloftjls; choice. $14,754)16; good, *13.254(15.50; steers. 1.100 lbs. down, choice, $14.50®’ 15.25; good. $12,754)14.75; medium. $114)! 13 50; common. $8,754)11; light yearling steers and heifers, good and choice. 850 lbs. down, $12.50; heifers, good and choice. 850 lbs. up. $9 754)13.25; common and medium, all weights. $8,254)11.75; cows, good and choice. $8 25(811.50; common and me - dium, $6,404)8.25; low cutters and cutter cows, $5,504)6.30; calves, medium to choice, $94)11; vealers. cull to choice. $7.50® 15.75; feeder and stock cattle, steers, common to choice. $8,254)12.50. Slaughter sheep and lambs—Lambs, light and handyweignt, 92 lbs. down, medium and choice. $14,254)16.50: cull and common, all weights. $12,504) 14.25; ewes, medium to choice. $7.254)9.75: ewes, cull and common, *34)7.65; feeding lambs, range stock, medium to choice, $13,854)15.50. Pu Times Special LOUISVILLE, March B.—Hogs—Receipts, 1.000; market. 10c lower; 250 lbs. up, $8: 175-250 lbs.. $8.50; 130-175 lbs.. $7.45; 90130 lbs.. $5.40: 90 lbs. down. $4.90: roughs. $6.10; stags ,$5.50. Cattle—Receipts, 200; market, steady. Calves—Receipts, 250; market, steady: good to choice, $11(@13; medium to good. s9®>U: outs. $9 down. Sheep—Receipts, 50; market, steady; top lambs. $13,504)14; seconds, $84)11; sheep. $5,504)7.50. Wednesday’s shipments; Cattle. 23; calves. 276; hogs, 207; sheep; none. By United Press EAST BUFFALO. March 8— Hogs—Receipts. 600; holdovers, 2,052; market, weak to 10c down; 250-350 lbs.. $8.35®8.85; 200250 lbs. $8.75479: 160-200 lbs., $8.80<®9.10: 130-160 lbs.. $7,504)8.90; 90-130 lbs.. $6.75 4)7.50; packing sows. $6,754)7.25. Cattle —Receipts. 50. Calves—Receipts. 50; market steadv; calves, steady;, vealers. $16,504)17. Sheep—Receipts. 100: market, steady; bulk fat lambs, $16.50; bulk cull lambs, $12.50@14; bulk lat ewes, $899.50. Bn United Press CLEVELAND. March B.—Hogs—Receipts, 1 400; holdovers. 1,300; market steady; 250-350 lbs., $8.35®8.60; 200-250 lbs., $8.50 4)8.85; 160-200 lbs.. $8,754)8.85; 130-160 lbs.. $74)8.85. 90-130 lbs., $6.75@7: packing sows, $6.5096.75. Cattle Receipts, 100; calves, receipts 250; market slow, steady; bee! steers, $104)11; beef cows, $6.75®8.50; low cutter and cutter cows, $4.75®6; vealers, $144)16.50. Sheep—Receipts. 500: market steady; top fat lambs, $1(150; bulk fat lambs, sl6® 16.50; bulk cull lambs, [email protected]; bulk lat ewes, $7 @9. Pi/ United Press PITTSBURGH, March 8. Hogs Receipts. 1.000; market steady- 250-350 lbs., $8,354)8.85: 200-250 lbs.. $6.75®9; 160-200 lbs., $8.90*9; 130-160 lbs.. $3,254)9: 90-130 lbs.. $6.75®8: packing sows. $6.75(0)7.50. Cattle—Receipts, none: calves, receipts 100: market strong; beef steers. $11.50® 13.85; vealers. sls® 16. Sheep—Receipts, 800; market steady; top fat lambs, $18.60; bulk fat lambs, $16®16.50; bulk cull lambs, $11914. Bn United Press FT. WAYNE, March B.—Hogs—Receipts, 400; market steady to 10c lower; 90 to 110 lbs., $6.25; 110 to 130 lbs., $7; 130 to 150 lbs.. : 150 to 160 lbs., $8; 160 to 180 lbs.. $8.50; 1804)200 lbs., $8.65; 200 to 225 lbs., $8.40; 225 to 275 lbs.. sß.ls; 275 to 350 lbs., $8; roughs. $6®6.50: stags. *[email protected]. Calves—Receipts, 25; market $15.50 down. Sheep—Receipts, 50; market lor lambs $14.50 (tow Si.

THE INJDIAN APOLIIS TIMES

Produce Markets

Butter (wholesale price) No. 1, 52® 53c: No. 2. 49®50c lb. Butterfat (buying price)—4B@49c lb. Cheese (wholesale selling prices, per pound)—American loaf. 354i38c; pimento loaf. 38ft’40c: brick loaf, 35®38c; Swiss No. 1. 42®44c; Imported Swiss. 52c; Wisconsin flat, mild and sharp. 32®34c; print cream. 39®40c; flat display. 28®30c; Longhorn.. 28<5i29c: New York limberger. 42® 44c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 22@23c doz. Poultry (buying price) Hens. 194)20c; Leghorn hens. 144715 c: springs. No. 1 soft meated. 184)20c; Leghorns. young springs, 14® 15c; roosters, 10® 13c; Leghorn stags. 10® 12c: capons. 8 lbs. and over. 30®31c; 7 to 8 lbs.. 284739 - 6 to 7 lbs., 25@26c; under 6 lbs. and slips. 22 923 c; ducks. 15®17c: geese. 13@15c; guineas, old 35c: young 50c. Bn United Press CLEVELAND. March B.— Butter—Extras In tub lots, 524754 c; firsts. 48 Vi9soVic: seconds. 44Vaft'46V*c: packing stock, 30® 32c. Eggs—Extras. 31c; extra firsts. 30c; firsts. 28%c; ordinary, 37 Vic. Poultry Heavy fowls. 254726 c; medium. 27ft28c; Leghorns. 224724 c; old cocks. 18919 c; stags. 204722 c; heavy springers. 26va’2.c. Potatoes—lso-Ib. sacks round whites. New York. $3,904(4; Minnesota. $3.50; Michigan, $3.75: Wisconsin. $3.75 473.35: 120-lb. sacks Minnesota. s3ft 3'2. r ; Maine. Green Mountain, $3.65; Idaho Russet Burbanks. *3; Colorado Rurals. $3; Texas. 100-lb. sacks Triumphs. *4.7595; howegrown. bushel sacks. $1,404)1.50: Florida, barrels. Spalding Rose. No. 1. sl2 754)13: No. 2. $10.50; No. 3. $3473.50; Bermuda. 40-lb. cummer crates. Triumphs. $3.75®4. By United Press NEW YORK. March 8.- Flour—Firm and higher. Pork—Steady: mess. S3O. Lard— Dull: midwest spot. $11.75(811.8*. SugarRaw. easy; spot 96 test, delivered duty paid. 4.36 c; refined, quiet: granulated, 5.704)5.75c. Coffee Rio No. 7 on spot. 17c; Santos Ng. 4, 23®23%c. Tallow Steady; special to extra, 8%@8%e. Hay— Firm: too. 1, $1.10: No. 3.7547.85 c; clover. 65c®$1. Dressed poultry—Steady: turkeys, 30ft46c: chickens, 13948 c; broilers, 354) 55c: capons. 30 9 48c; fowls. 18831 c: ducks. 16820 c; ducks. Long Island. 184i22c. Live poultry—Quiet; geese, 14 c) 23c; ducks 16 4)33c; fowls. 20826 c; turkeys, 354750 c; roosters. 18c; chickens. 264135 c: capons. 29®50c; broilers. 40'* 50c. Cheese —Quiet; state whole milk, fancy to specials. 29® 29%c; young Americas. 29%'((30e. Potatoes —Long Island. $2.25ft 5.90: Jersey, $1 8175' state. $3 754(3.90; Maine. $3,754) 5.15; Bermuda. s4® 10. Sweet potatoes Jersey, basket. 75c47 s.l; southern, basket. 85c® $2.15. Butter—Steady: receipts. 16,874; creamery extras. 50% 8 51c; special market, 51%@52c Eggs—Steady; receipts. 29.997: nearby white fancy. 348 36c; nearby sttae white. 29933 c; fresh firsts. 28% 47 29 %c; Pacific coasts, 38% ft 37c; western whites, 30@31c; nearby browns, 32834 c.

STEEL MERGER PLANS DROPPED Officials of Grant Plants Unable to Agree. Py United rrcss YOUNGSTOWN. Ohio, March 8. —The proposed merger of Youngstown Sheet and Tube Company and the Inland Steel Company of Chicago, has been abandoned, President J. A. Campbell, of the former company, announced today. Campbell’s announcement was accompanied by a statement as follows : “J. A. Campbell, president of the Youngstown Sheet and Tube Company and L. E. Block, chairman of the Inland Steel Company, today announce that the parties have been unable to agree on certain Important features of the proposed merger of the two companies and that the merger therefore will be abandoned.” The statement was not amplified, Campbell refusing to be quoted further. Special stockholders meetings of the two companies were to have been held March 15 to approve a tentative merger agreement. The agreement provided that Inland Steel would receive share for share in the common stock of the new company and the Youngstown Sheet and Tube Company two shares for each of its present shares of common stock.

Commission Row

TRICE TO RETAILERS FRUITS Apples—Fancv barrel applps. seasonable varieties. $74)9; fancy basket apples, seasonable varieties. $2.25ft3.25 40 lbs.; choice box apples, seasonable varieties, $3,257)4.75. Grapefruß Florida. $3.50®5.75. Orapes—California whites. $7.50 kef. Kuinouats—Florida. 20c auart. Lemons—California. $6ft6.50 crate. Limes —Jamaica. S3 per 100. Oranges—California navels. ss@7 crate; Florida. $5®6.50 crate. Pears—Washington D'AnJous. $3.50 half box. Strawberries—Florida. 60ft. 65c auart. VEGETABLES Artichokes—California. $1.75 dozen. Asparagus—California. $1.50 doz. Beans-Southern. $6 hamper. Beets—Texas. $3 bu.: home grown. $1.50. Broccoli—Texas, $3.50 bu. Brussels Sprouts—3oc lb. Cabbage—Holland seed. 2c lb.; Texas. 4c lb.; red, 4c lb. , Carrots—Cal.. $4.75. 5-doz. crate: homegrown $1 Cauliflower—California. $2.25®2.50 crate. Celery—California. $7.50 per 8. 9 and 10doz. crates; Florida. $3.75 per crate. Celerv Cabbage $2.25 doz. bunches. Cucumbers—lndiana hothouse. $2.50413 for box of 1 doz. Eggplant—H. G.. $3ft2.50 doz. Endive—sl.7s doz. bunches. Escarole—Louisiana. $1.25 bushel. Kale—s2.7s barrel. Leek—soc bunch. Lettuce Arizona, head. $47*4.25 per crate; hothouse, leaf, SI.BO 15 lbs. Mushrooms—sl.7s. 3 lbs Mustard—Southern. $2.75 bu. Onions—Spanish. $3.50 crate: Indiana yellow. $4,100-lb. bag; Indiana red. $3.75 Oysterplant—4sc doz. bunches. Parsley—6oc doz. bunches: Southern. 75c bunch. Parsntpr—sl.so bu. . , , Peas California telephone. $6.50 hamper. Peppers—Florida mangoes, *6 crate. Potatoes —Michigan white, $4. 150 lbs.: Minnesota Russets. $4, 150 lbs.: Minnesota Red River Ohlos, $3. 120 lbs.; Idahos. $3.25 cwt.: Florida Triumphs. $4. 50 lbs. Radishes—Hothouse, button. 90c@$l. Rutabagas—Canadian. $2.50 per cwt. Rhubarb—Hothouse. 60®75c 5 lbs. Shallots —75c doz. bunches. Spinach—Texas. $1.35 bu. Sweet Potatoes —Indiana Jersey mediums. $2.75 bu.; Indiana Jerseys. $4 bu.: Nancy Hall. $2.25 hamper: Porto Ricans, $2 25 bu. Tomatoes—California. $7,504)9. six-bas-ket crate. MISCELLANEOUS Cider—s4.so. 6-gal case: $6.50 doz. halfgal. jars. Cocoanuts—s6.so per 100. Garlic—2oc per lb. Ovsters —Standards. $2.50 gal. Sassafras—2sc doz. bunches. SEED STOCK Onions—White sets. $5.75. 2 bu.: yellow or red, $4.75, 2 bu.; Bermuda plants, white or yellow. $4.50 crate of 6.000. Potatoes—Main cobblers. $5. 150 lbs.; Red River Ohlos. $3. 120 lbs.; Minnesota Triumphs. $3.75, ISO lbs. Sweet Potatoes —Selected Indiana Jerseys. $3 bu.; Indiana Jerseys. $2.50 bu. By United Press CHICAGO, March B—Green fruits; Apples, $74)10 per barrel; strawberries, 50 @6oe per quart.

In the Cotton Market

(By Thomson Sc McKinnon) NEW YORK. March B.—There Is nothing we know of to warrant selling cotton Just now. A few scalpers try short side occasionally, but good trade demand takes all the offerings. We are particularly Impressed with the demand for the new crop.

Local Wagon Wheat

Local grain elevators are paying (1.51 lot No. 3 red wheat. Other grades are purchased on their merits

WHEAT HOLDS ALMOST CENT LOWERJN PIT All Corn Futures Advance Fractionally; Oats Little Changed. By United Press CHICAGO, March B.—Depressed by news of good rains over winter fields, wheat declined sharply at today's opening on the Chicago Board of Trade today and held nearly 1 cent lower mast of the day. The rains, which were bearish to wheat, had an opposite effect on corn and all futures advanced fractionally. Oats scarcely changed all day. Government reports on crops and reserves of all grains are due after the close today, and most traders were inclined to take no definite action, pending their publication. Tills factor made the session dull, kept wheat from rallying and held corn gains to small fractions during the morning. Wheat exports were estimated at around 800.000 bushels, mainly Manitoba.*. Receipts were twentyfour cars, and cash w'heat decliend Va cent. Corn trading was practically without feature and very quiet. Light receipts of 285 cars helped to boost futures, but cash com held unchanged. News that large areas of abandoned winter wheat fields w ill be planted to oats has weakened the technical condition of the market. Practically nothing was done today and interest was very slack. Receipts were heavy at 110 cars, but the cash market held unchanged. Chicago Grain Table —March 8— WHEAT— Prev. Hih. Low. 12 00. close. March 1.3A% 1.38% 1.38% 1.39% May 1.38 1.37% 1 33 1 33% July 136% 1.36 1.36 i 1.37 V. Corn— March 95% .94% .95 .93% May 98% .97% .98% 98% July 1.00% 1.00% 1 00% 1.00% OATS— March .57 57 .57 May 37% .57% .57% .37% July J3 FIYD March 1.17% 1 16% 1 17% 1.16% May 1.17% 1.16% 1.17% 1 17% July 1.11% 110% 1.11% 1.11 LARD— March 11.47 11.47 11.32 May 11.77 11.72 11 73 11.80 July 12 05 12.03 12.10 Sept 12.33 12.30 12.35 RIBS— March 11.40 11.40 11.45 July 11.70 11.70 11.70 By Times Special CHICAGO. March B.—Cartols: Wheat. 21; corn. 360; rye, 7.

In the Sugar Market

(By Thomson & McKinnon* NEW YORK, March B.—Refiners and holders of raw sugar are again far apart, neither side appaiently being anxious to negotiate transactions at the prevailing Frice basis for delivery In the immediate uture. Business, however, will probably develop lor thirty and slxty-dav delivery ar.d with a better feeling abroad, particularly toward Javas. we look for steadv to firm tone to contltnue In the spring and summer positions.

Marriage Licenses Harold Wayne Robertnon. 23. ol R. R L. Box 110. salesman, and Evelyn Huff. 21. of 1615 Bellefontalne St. stenographer. Shirley Adair. 17, of 2140 Columbia Ave., porter, and Mary Viola Cox. 18, of 1928 Columbia Ave. Frank Reed. 18. of 44 Camp St., musician, and Bernice A. Whitfield. 13. of 535 W. Michigan St Fred William aronauer. 40, of 3615 F.. Michigan St., structural steel estimator, and Laurence Wellman. 36, of 2834 E, New York St , hosiery mill worker. Births Twins Sherman and Emma Nelson, 810 Harmon, girls. Boys Bert and Ida Wimbiey. 3928 Martlndale. Ray and Angle Lewhorn, 525 Keystone. P J. and Mary Higgins, St. Vincent's Hospital. Joe and Mabel Cline. St. Vincent's Hospital. Leland and Charlotte Carter. St Vincent's Hospital. George and Lucille Vondersaar. St. Vincent's Hospital. Burnlce and Eva Chandler. 960 Albany. Maurice and Ruby Collins. 1437 Madison Girls Harry and Hazel Underwood. 945 Berwyn. Charles and Helen Ettlnger, 629 N. Colorado. Hugh and Amanda Brown, 831 S Beilview. Paul and Ruth Coy, 704 Bacon. William and Lois Evans, Coleman Hospital. Roscoe and Eva Lee, Coleman Hospital. William and Doris Newell, Colemaan Hospital. Fred and Elsie Stefen, 6t. Vincent's Hospital. Paul and Miriam Kistler, Bt. Vincent's Hospital John and Nellie Hoes, St. Vincent's Hospital. Mathew and Anna Walpole, St. Vincent's Hospital. Thomas and Anna Delaney. St. Vincent's Hospital. Edgar and Anna Botkin, 3113 Barrett. Robert and Ruth Hatton, 918 W. New York. Harley and Frances Williams, 2068 Columbia. Slmlon and Jessie Sparks, 1022 W. New York. Roman and Anabelle Broadus, 2424 Hovey. Fred and Jennie Dobson, 1327 W. Twen-ty-Third. Hosle and Eva Franklin, 2164 Booaer. Deaths Fannie Tapscott, 73, 954 Highland, chronic Interstitial nephritis. Infant Smith, 1 hour, Coleman Hospital, stelectasls. William Gibbs, 78, Long Hospital, carcinoma. Florence Marie Scheld, 31, 514 Bernard, pulmonary tuberculosis. Cassandra Johnson, 85, 654 E. Eleventh, arteriosclerosis. James Jenkins, 55, 561 W. Washington, acute dilatation of heart. William Simmon. 73. 1533 N. Arsenal, Bright’s disease. Benjamin Dunn. 85, 402 Bright, chronic myocarditis. ‘CORPSELESS MURDER* DEFENDANT CLEARED Vem Martin Immediately Rearreston on Robbery Plot Charge. By Times Special COLUMBIA CITY, Ind., March 8. —Vem Martin, defendant in the ‘‘corpseless murder” of Franklin Tucker, Warsaw, missing more than a year, is clear of the charge today. A jury in Whitley Circuit Court here Wednesday returned an instructed verdict of acquittal. It was Martin’s second trial, the jury at the first having disagreed. Immediately after the verdict, Martin and Martin Ross, star State witness, were arrested by Kosciusko authorities on charges of conspiracy to rob Tucker. Church Body to Meet By Times Special SEYMOUR, Ind., March B.—The business men’s commission of Christian churches of this city, Brownstown, Vallonia, Reddington, Cortland, Crothersville, Tampico, Columbus, New Hope, Elizabethtown, Beck’s Grove, and those of Jennings and Brown Counties will meet here this evening in regular quarterly gessioa.

City News Told Briefly

FRIDAY EVENTS Indiana Republican Editorial Association metine. Columbia Club, all day. Knlffhts of Columbus luncheon, SpinkArms. Exchange Club luncheon, Lincoln. Optimists Club luncheon, Claypool. Altrusa Club luncheon, Columbia Club. Master Painters' Association luncheon. Elks Club.' Phi Delta Theta luncheon. Chamber of Commerce. Men’s Bible Class dinner. Central Christian Church. 6:30 p. m. Indianapolis Federation of ParentTeacher Association annual dinner. Broadway M. E. Church, 6:30 p. m. Marion County Rainbow Division Veterans' Association meeting, Armory, 7 p. m. Johii White, 005 N. Noble St, truck driver, was arrested on the Circle during the Butler celebration today for drunken driving, failing to have a chauffeur’s license and violation of a traffic signal. Bandits who held up Louis Leerkamp, 1419 N. Holmes Ave., employe of the T. V. Hancock drug store, 2612 Speedway Ave., got only a quart of ice cream. Leerkamp dropped the quart he was delivering Wednesday night and ran when an automobile drove alongside of him and one of the men in the machine threatened him with a revolver. Three soldiers from Ft. Benjamin Harrison were held in city prison today after being arrested at Brazil, Ind., for alleged theft of the automobile of R. W. Beckner of Southport. The car was stolen from Capitol Ave. and Washington St. last Monday. E. M. Claypool of Chicago, representative of the Kimberly-Clark Company, talked on the value of rotogravure advertising at the luncheon of the advertising Club of Indianapolis, at the Spink-Arms today. Civil service examinations announced by Henry M. Trimpe, local board secretary, include junior chemist, occupational therapy aide in Veterans’ Bureau, assistant finger print classifier in Department of Justice, and junior and assistant messengers. Resignation of Richard Crosby, deputy internal revenue collector at Ft. Wayne office, has been received

Jack Harrington Wins ‘My Best Girl ’ Contest

First Prize for Women Goes to Eva M. Moors; Award Tickets. Jack Harrington, 602 Indiana Trust Bldg., won first prnie in the "My Best Girl” contest sponsored by The Indianapolis Times and Loew's Palace Theater in connection with the showing of the picture, ‘‘My Best Girl,” starring Mary Fickford. His essay is Why? Because she smiles when she has reason to cry; youthful, yet sensible, sweet, happy, entertaining, industrious and sincere. My? Because modest, yet modern and believes in eating, sleeping and talking: my good, incomparable, romantic, lover, Lucille. Mrs. Eva ILL Moors Wins First prize for women goes to Miss Eva M Moors, 450 W. TwentyNinth St. Her essay can be summed up in ‘‘the best girl must be composite.” Second prize for men was won by Arthur Rosewald Blacker. 1237 Meyer-Kiser Bank Bldg.; second prize for women by Jeanne Hammond, Hotel English. Third pnze for men was won by Robert G. Barnhill, Pleasant Run Golf Course, and for women by Irene Montague. 130 E. Ohio St. Fourth prize for men went to Jacob C. Hazel, 35 N. Colorado Ave., and for women to Mrs. Emma Jean Duttenhaver, rural route "H,” Box 309 B. Indianapolis. Fifth prizes were taken by B. G. Barker, 43 S. Colorado Ave., and Miss Dorothy Dean, 323 N. Gladstone Ave. Ticket* Are Awarded Pairs of tickets to the Palace Theater go to Rose Mary Dally, 324 Spencer Ave.; Ruth Rodenbarger. 524 W. Forty-First St.: E. R. Oebaur, 1108 Odd Fellow Bldg.; Miss Dorothy McClain. 1163 W, Thirty-Sixth St.; Miss Mary’ Dillon. 133 W. Twentieth St.; Louise W. Faulkner, 3449 Salem St.; Miss Virginia Neff. 104 N. Euclid Ave.; Vera Vernon, general delivery, City; Estelle B. Davis. 638 E. Pratt St., and Pearl Bontrager, 230 N. Belle Vleu Ave.: Ivan Pogue. Nashville. Ind.: Bob Coste3, 144 N. Arsenal Ave.; Glenn E. Kantz. 343 Parkview Ave.; Edwin Manouge Jr.. 2140 N. Pennsylvania St.; Charles Carlisle, 1109 Odd Fellow Bldg • William F. Cochran, 51 N. Fifth Ave., Beech Grove, Ind.' Lou Thatcher, Greenwood, Ind.: Billy Eddy, 1007 Lafayette Aye., Columbus, Ind.- Clinton Moore. 525 Woodlawn Ave.: Morris Smith, 939 E. Harrison St., Martinsville, Ind. Tickets are good for the entire week beginning Monday, March 10. Both cash and tickets will be mailed immediately. Judges in the contest were Mrs. Mary Rose Hemler of Bobbs-Merrill Company, and George O. Hutsell, Marion County clerk.

'Middle "West UnUTEES COMRMfT Notice of Diridend on Preferred Stock The Board of Directors of Middle West Utilities Company has declared a quarterly dividend of Two Dollars ($2.00) upoij each share of the outstanding Preferred Stock, having a par value of sioo a share, and One Dollar and Fifty Cents ($1.50) upon each share of the outstanding $6 Cumulative Non Par Preferred Stock, payable April 16, 1928, to thie holders of such Preferred Stock, respectively, of record on the Company’s books at the close of business at 1 :oo o’clock P. M. f March 31, 1928. EUSTACE J. KNIGHT. Secretary.

by George L. Foote, acting collector of Internal revenue. No successor has been announced. Crosby, who has been In the service seven years, will become superitendent of a printing firm. Formal opening of the KigerBumett Company, 108 S. Pennsylvania St., is scheduled for Friday. The newly incorporated firm will deal in office furniture and equipment and occupy two floors at the Pennsylvania St. address. Earl W. Kiger is president, and R. C. Burnett, secretary-treasurer of the company. Permission to increase the electric light rate of the Middletown (Ind.) municipal electric plant from 4 to 3 cents a kilowatt hour and to institute a $1 a month minimum charge is sought in a petition filed with the public service commission today. Henry J. Fowler, arrested at Terre Haute on a fugitive warrant issued at Cape Girardeau, Mo., charging motor theft, was ordered removed by Judge Robert C. Baltzell in Federal Court today. Fowler was arrested Wednesday by S. T. Hickman, deputy United States marshal, charged with driving a stolen car from Christopher, 111., to Cape Girardeau. “The Realtor and Civic Progress” was the subject of Walter S. Schmidt, Cincinnati realtor, at the Real Estate Board luncheon at the Chamber of Commerce today. Winners of the Realtor’s Home Show pester contest were given their checks at the luncheon. Joseph Swing. 15, of 1333 Comer Ave., was taken to city hospital today with severe head injuries received when he fell from his bicycle on his way to Manual Training High School. The board of works is expected to adopt a resolution for the widening and resurfacing of Delaware St. between St. Clair and Sixteenth Sts., as the result of a recommendation adopted by Mayor L. Ert Slack’s cabinet, Wednesday.

WEST VIRGINIA IEADSJ COAL Surpasses Pennsylvani ain Bituminous Production. Bn United Press WASHINGTON, March B.—For the first time West Virginia in 1927 took the lead hi bituminous coal production away from Pennsylvania with a total output of 151,680,000 tons, according to preliminary figures for last week issued today by the Commerce Department. Pennsylvania produced 131,007,000 tons of soft coal, but including anthracite, the Keystone State still led by a wide margin in total production of all coal. Pennsylvania's anthracite mines produced 80.652.000 tons in 1927. making that State's grand total coal production. 211.659,000 tons. Kentucky held third place in coal production with an output of 72,526.000 tons, followed by Illinois with 45.408,000; Alabama, with 18,400,000; Indiana, with 17,699,000, and Ohio with 14,668,000 tons. Labor difficulties curtailed the output in several northern States. DENIES HEARST REFUND Mellon Replies to Heflin’s Charge of Aiding Publisher. By United Press WASHINGTON, March B.—Secretary of the Treasury Mellon denied, in a letter read to the Senate today by Senator Smoot, that William Randolph Hearst, publisher, has received any tax refunds since Mellon took office. Senator Heflin had demanded information concerning refunds of $600,000 which Heflin understood were paid to Hearst newspapers. Mellon charged in his letter that he had given Heflin the desired information previously, but that Heflin never had made it public. Questioned in Death By United Press SOUTH BEND. Ind.. March B. James Rose, 34, alleged dope addict, was questioned today in connection with the death of Dr. William Baker at Detroit, Mich., early this week. Rose admitted he was in Detroit last week.

DIVIDEND NOTICE Utilities Power & Ught Corporation 7% Cumulative Preferred Stock TE Board of Directors of Utilities Power ft Light Corporation at a meatfcg held tirb day declared a quarterly dividend for the period ending March 31, 1925, ol One Dollar and Seventy-Five Cent* (sl.7s) per (hare upon the outatandioa Preferred Stock of the Corporation, payable April 2, 1928, to stockholders of neon at the close of business Much 9, 1926. Class A Stock A quarterly dividend far the period ending March 31, 1925, of Fifty Centg (50$) per ahare on the Class A Stock also was declared, payable April 2, 1921. 18 stockholders of record at the dose of business March 9, 1928. Under the resolution of the Directors, the holders of Class A Stock have the right and optioa to accept. In lieu of their cash dividend, additional Class A Stock at the rate of one-fortieth of a share for each share of Class A Stock standing of record in their respective names at the close of business on March 9, 1925. Unless by the dose of business March 9, 1921, the stockholder advisee the Corporation that be desires bis dividend in cash, the Corporation will send to him on April 2, 1928, the additional stock (or scrip for fractional shares) to which ha is entitled. Class B Stock . A dividend of Twenty-Five Cents (254) per share for the period ending . March 31, 1928, was also declared on the Claaa B Stock, payable April 2, 1928, to stockholder* of record at the dose of businesa March 9, 1928. Under the resolution of the Directors, the holders of Claaa B Stock, or Voting Trust Cert ideates representing such stock, have the right sod option to accent hi lien of their cash dividend, Voting Trust Certificates for additional Claaa B Stock at the rate of one-fortieth of a share for each share of Class B Stock standing of record In their respective names at the close of business on March 9. 1928. UnWae by the date of business March 9. 1928, the stockholder advises tbe Corporation that be desires his dividend in cash, the Corporation will send to him on April 2, 1928, the additional stock (or scrip far fractional shares) to which he is entitled. H. L. CLARKE, President. Ckktf. I*-. February tl. 1921.

MAiiOH 8, 1928

WALSH WANTS FARM RELIEF. WORLD PEACE Simple Party Platform Is Outlined by Candidate for Presidency. Following 1* another of the series of interviews with presidential candidates, obtained by the United Press lor Ths Times, BY PAUL R. MALLON United Press Staff Correspondent WASHINGTON, March B.—A simple Jeffersonian solution for farm relief and development of friendly international relations are the planks of the concise platform upon which Senator Thomas J. Walsh of Montana stands for the Democratic presidential nomination. The Teapot Dome prosecutor who announced his candidacy Saturday laid down today his ideas about a Democratic party platform in an exclusive interview with the United Press. No bulky cure-all political remedies burden Walsh’s statement of principles. He wants a two-plank platform built of simple words. Wants Low Tariff He would promise the farmers two things—a lower tariff which he thinks would bring more of an equality between the prices they pay for things they use and the prices they receive for their products; and rapid completion of the Great Lakes-St. Lawrence waterway to give them lower freight rates. He would seek to bring about what he calls “a radical change In our attitude toward and our relations with foreign nations.” “It may be too much to say that we have come to be hated In all lands.” Walsh declared, “but it is safe to assert that no nation bears us any particular good will. “In searching for the causes of estrangement, the premier place must be assigned to our declination to cooperate with them in preserving the peace of the world, because they choose to operate and find it convenient to operate through the league of nations. Deal Justly With Nations “Perhaps next in its irritating influence Is our insistence on the payment of the debts due from our late allies while raising up prohibitive tariffs which make it impossible for them to pay, and particularly in making up the customs duties after the debts were contracted—a proceeding equivalent to raising the interest rates on them. "Our people have a holy horror of war. It can only be avoided by cultivating the friendship of the nations of the earth, by dealing justly, considerately with them. “More than ever before, in view of our expanding foreign commerce and the necessity for findingabroad markets for our surplus products, manufactured as well as agricultural, should the admonition of Thomas Jefferson be observed, to cultivate honest friendship with all nations." But farm relief should be the paramount Issue. Walsh says, “because the conditions of which the farmers so justly complain are, in large part, due to Republican policies in contravention of the basic principles of the Democratic party.” Believes Country Dry “Strangely enough representatives of the farmers of the grain growing States,” he continued, “look for relief to artificially raising the price of farm products—the McNaryHaugen idea— to meet the level of prices generally recognized by them to have been elevated in large part by the tariff. But failing to secure such relief (and the signs all point to their failing) it may be expected they will embrace the logical remedy and give their support to the only party through whose success it can be secured.” There is only one other appeal Walsh believes should be made—to restore to the people the Federal Reserve system which he claims has “fallen into the hands of the very interests whose malign purpose it was designed to render innocuous.Prohibition should not enter the discussion, Walsh believes. He is dry and he believes the country is dry. BuHding Permits * Fred J. Voss, dwelling and garage. 2538 S. Delaware. $3,500. Lewis Mogue. garage, 1146 Bevllle, 6340. Albert C. Pierson, repair, 6410 N. Pennsylvania, $2,500. Richard L. Lowther, dwelling and garage. 5540 Central. $16,000. Mary Kelly, reroof, 239 8. Audubon. 8300. Orra Alice Presscr, repair. 1301 Relsner, $1,200 Ole Kegel, dwelling, 1562 N Gladstone, S7OO. L. A. Hannan, garage, 1207 Edwards, S4OO. Saul Blumenthal. dwelling and gatage, 5814 N. Pennsylvania. $5,800. L. W. Schupp. dwelling and garage. 2837 Boulevard PI., $6,500. Kenneth Fry, dwelling and garaga, 819 W. Forty-Sixth, $4,800. Kenneth Fry, dwelling and garaga, 6310 Central, $4,575.